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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: seminole who wrote (3021)	10/21/2000 5:07:06 PM
From: Angler	Respond to of 4916

High oil prices should translate into higher share prices plus some time warp until the perspective is that it's over the hill. Meanwhile the business will be profitable. The need to drill and explore for oil will continue on as the volume of producing oil for all fuel needs Winter and Summer increases world wide. This should help some high cost producers here in North America to reactivate their business. In my opinion the oil services should hold up well into the year end. Natural gas production because of its preference to clean air and anti-pollution advocates appears to be a growing business, but it will fluctuate with profit taking through this nervous last quarter. The freezing conditions in Winter's far North will restrict exploring and drilling, but it appears that we're safe staying with FSESX and FSNGX until January anyway. Then we may need to take another look if inflation is expected, and the mid-East mess is not going to ease prices either? I'm using some cash now as the Nasdaq appears to have found a near bottom with some good earnings reports and a return to the reality that many tech Cos. are oversold. Angler